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It is imperative in my opinion for bitcoin to respect this all time trend line, we are approaching it in the near future. I think the price could dip further in the next few weeks, but then a new bull run will begin.
Let me know what you think in the comments.
Like this idea if you agree!
We have a potential for a triple bottom setup here. This is providing we HOLD 6.8k-7k support level and bounce from there. This will give me the following targets:
Short term 7.8k
Medium term target 9k
Long term targets 10k & 12.5k
If we do not hold 6.8k-7k support levels then expect to test 6.5k and maybe even 5.5k over the coming months.
let me ...
The chart pretty much explains it all... I think over the next few weeks we will see BITCOIN jumping up to around 9k
As we have retraced so far how much further do you think this will go who knows i believe the bottom
was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts
you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce
from this point but there was a massive spike in volume..
This is ...
I believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives ...
The last three days the 8k level has been bashed into numerous amounts of times. 8.2k seems to also be a small target down in this area but from my honest opinion, the institutions are having games at this lower price; allowing the rest of us to follow suit.
Could this be the end of Bitcoin ruling the top of the table after all of these years?
I'm a Bitcoin. bull between $6,944-$6,724. This approx. is based on distance from the 20 bar MA currently $8,185 on previous drops i.e. $1,241 and $1,461 respectively in a 2 hour period (difference between = $220). As the 20 bar MA falls so will my price targets. Will be watching for other confirmations too. This is just a price target idea.
The combination of trend line + channel + shark harmonic + quasimodo pattern + andrew's pitchforl
tp = if the trendline broken to down ,the purpose will be 7900-8270 dollars.
Looks like based on last years support and resistance arrows if the market now consolidates nicely over $10,600 it hould go higher other wise next stop down will be the 20 MA and then failing that then it will be back below $10,000 and as low as $9,400. Enjoy !
The break of the red channel caused a selloff and that red bottom band is now getting backtested which will probably hold and send Bitcoin down again.
Price Corrected ~50% from the all time high at December 17th, 2017
This is the largest correction I have personally seen since I started mining in February 2017.
Historically in the last 3 years we have closed red in January;
(2017, -0.2%) (2016, -14.5%) (2015, -32.4%).
We are currently down ~18% for January, 2018.
The uptrend from September 17th, 2017 was ...